EU Wheat Ends Mixed

EU wheat futures closed mixed Tuesday with November Paris milling wheat ending up EUR0.25 at EUR135.50/tonne and London November feed wheat closing down GBP0.85 at GBP102.50/tonne.

Weather concerns continue to weigh on feed wheat relative to milling wheat.

Heavy rains are falling across much of the UK, bringing back uncomfortable memories of last year. Although the harvest ultimately got in in 2008, quality was badly affected by persistent rains during the crucial July/Augist period.

Rain also remains a problem in northern France and Germany.

Export interest is still sluggish for EU wheat, and Russia contnues to pick up most of the orders that are going.

It seems that the only way is lower.